# BYD and Faurecia establish auto parts joint venture in Shenzhen

BYD and Faurecia founded Shenzhen Faurecia Automotive Parts System Co. Ltd. on December 11, 2023, with registered capital of CNY 10 million. Faurecia holds 70% and BYD 30% of the new company, which will produce auto parts.

- Type: Partnership
- Announced: 2023-12-12
- Where: Shenzhen, China, China
- Value: $1.40M (10.0M CNY)
- Status: completed
- Products: auto parts systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Faurecia](https://endata.com/companies/1483.md) (partner)
- [BYD](https://endata.com/companies/9720.md) (partner)

## Sources

- [it-times.de](https://www.it-times.de/news/byd-und-faurecia-gruenden-neue-gesellschaft-fuer-autoteile-in-shenzhen-157205/), 2023-12-12: "Die neue Gesellschaft hat ihren Sitz in der chinesischen Technologie-Metrople Shenzhen."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.